Which bank does MICR code 587818002 belong to?

MICR code 587818002 belongs to Shri Basaveshwar Sahakari Bank Nyt.bagalkot, Shri Basaveshwar Sahakari Bank Nyt.bagalkot IMPS branch, located at Basaveshwar Bank Circle, Sector No. 25, Navanagar, Bagalkot 587103, Mumbai, Maharashtra. The corresponding IFSC code is ICIC00SBSBN.

What is the IFSC code for MICR 587818002?

The IFSC code for Shri Basaveshwar Sahakari Bank Nyt.bagalkot Shri Basaveshwar Sahakari Bank Nyt.bagalkot IMPS branch (MICR: 587818002) is ICIC00SBSBN. Use the IFSC code for NEFT, RTGS, IMPS, and UPI transfers. Use the MICR code for cheque clearance.

What do the digits in a MICR code mean?

A 9-digit MICR code has three parts: the first 3 digits (587) represent the city/clearing centre, the next 3 digits (818) identify the bank, and the last 3 digits (002) identify the specific branch. For 587818002, the city code is 587, bank code is 818, and branch code is 002.

Shri Basaveshwar Sahakari Bank Nyt.bagalkot Shri Basaveshwar Sahakari Bank Nyt.bagalkot IMPS

Shri Basaveshwar Sahakari Bank Nyt.bagalkot IMPS · Mumbai, Maharashtra

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587818002

587818002 is the MICR code for the Shri Basaveshwar Sahakari Bank Nyt.bagalkot IMPS branch of Shri Basaveshwar Sahakari Bank Nyt.bagalkot, located in Mumbai, Maharashtra. MICR codes are printed on cheque leaves and used by the RBI's Cheque Truncation System (CTS) for cheque clearing. For online transfers, use the IFSC code ICIC00SBSBN.

Bank

Shri Basaveshwar Sahakari Bank Nyt.bagalkot

Branch & Address

Shri Basaveshwar Sahakari Bank Nyt.bagalkot IMPS

Basaveshwar Bank Circle, Sector No. 25, Navanagar, Bagalkot 587103

Mumbai, Bagalkot, Maharashtra

Contact

+918354235311

Codes for this Branch

MICR (cheques)

587818002

IFSC (online transfers)

ICIC00SBSBN

View

MICR Code Structure

587

City

818

Bank

002

Branch

City code 587 identifies the RBI clearing centre, bank code 818 identifies Shri Basaveshwar Sahakari Bank Nyt.bagalkot, and branch code 002 identifies this specific branch.

Online Payment Methods Supported

NEFT

RTGS

IMPS

UPI

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About MICR Codes

What is a MICR code used for?

MICR (Magnetic Ink Character Recognition) codes are printed on cheque leaves using special magnetic ink. They are read by cheque processing machines and used by the RBI's Cheque Truncation System (CTS) to process and clear cheque payments between banks. Each MICR code uniquely identifies a bank branch for cheque clearing purposes.

MICR vs IFSC — when do I use which?

Use MICR when paying by cheque — it's already printed on your cheque leaf and used automatically during clearing. Use IFSC (ICIC00SBSBN) when making online transfers via NEFT, RTGS, IMPS, or UPI — banks ask for IFSC when you add a beneficiary for online payments.

Where is the MICR code on a cheque?

The MICR code is printed at the bottom of every cheque leaf in a distinctive machine-readable font, using magnetic ink. It appears in the centre of the three numbers at the bottom — the cheque number is on the left, the MICR code 587818002 is in the middle, and your account number is on the right.

View full branch details for IFSC ICIC00SBSBN